Ann: Becoming a substantial holder from WMI, page-7

I get just over 3%. I think it full credit here should go to Xavier and the SW1 Management team.
Weather WAM want to sell or buy more not really matter.

For them to put this king of $ in means that they are comfortable with Management and the business model.

I am sure they would of carried out significant assessments of their investment prior to participating.
These guys would of said yes ages ago and just waiting for the right entry. So i doubt it just would of been the two days worth from the TH.


Though i do agree that usually a CR the share register becomes looser. So far SW1 has not been too bad.
Even if WAM wanted out i believe they would do it in an orderly manner as it is a fund would not be in their interest to drive the price down.

It would be of interest to know what their assessment came to? do they have an exit strategy. i.e. a price target?

Interesting times ahead and lets hope the news flow keeps coming.